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Tuesday, May 16, 2017

WanaCrypt0r 2.0 Ransomware Myths Fail To Shake Bitcoin Optimism

Beginning Friday morning, 99 countries began losing control of huge sections of their IT infrastructure.

The alarm first became public after Spanish telecommunications giant Telefonica saw 85% of its computers infiltrated with Bitcoin ransomware. Screens displayed a demand for around $300 per machine to end the attack, which soon spread to countries around the world including the UK, where its public health service, the NHS, was targeted.

As more details have come to light, Bitcoin has taken a substantial publicity hit due to a combination of misinformation and sensationalism in the mainstream press.

UK publication the Daily Mirror published a form of explainer for readers about BItcoin as the attack spread, in which it described the virtual currency as “the money ransomware hackers are demanding from NHS.”

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